Member Info for K3VMC

Have a good evening!

To explain it in more simple terms for you, i was posting about significant shareholders, as defined by them having issued a TR-1. None of those have been selling, otherwise there would be a TR-1 documenting their amended holding.

Either several entities who have not reached 3% are selling in 3m chunks , or a single entity who should have issued a TR-1, but didn’t, is selling. Whichever way, you will not see a TR-1.

I can’t think of a simpler way to explain that to you.

I may have posted this before, but the only legitimate significant holders are all holding. If they were selling, then we would have had a TR-1, because they are all legitimate. Even Marcus! In fact, several of them bought last week and today. So, not selling, but buying or holding.

My humble opinion is that someone is selling across multiple accounts. The shares are held under several different accounts. The holder is not playing cricket. That's ok. I am Scottish. I played cricket twice in the 1970's for Esso Petroleum. Last man to bat, both times, out first ball both times. I decided to find more interesting games to lose at.

Person or persons unknown are selling and persons known (to me) are buying. No idea why the seller is (sellers are) selling, but I know why the buyers are buying.

October and November should be interesting months. Christmas is coming.

Another $8m on ebitda, for 270,000, IF they can process it for $65/mtu.

Guys, thanks for fleshing that out. That would fit in with the other conservative figures in the cash flow forecast. WRES probably was not allowed to deviate too far from norms, to get the presentation signed off by Grant Thorton. Nobody objects if a company overachieves, compared to forecast.

Happy days (to come).

:-))

All joking aside, this has been done to death, so I’ll pass on this topic.

Geng, thank you. I win my bet!!

Troajan, I can’t take any credit either. Mr Masterman said that Hansource, to the best of his knowledge, were “Happy Holders”. He said that at the agm.

Neither can I take credit for $2.5m/month in Q4, which is something he has said in interviews several times. He did NOT say $7.5m in Q4, as the trolls would twist it.

I was not a party to the $65/mtu conversation, but if safetyman says it happened, that is good enough for me.

The $94/mtu has been mooted for years now and remember that it includes tin credits. The current design and cost of the plant is very different from the original plans. The plant is brand new and linked via fibre-optic cable to a central control room. Everything after dropping 70 tons of dirt into the hopper of the jaw crusher is automated. The dirt travels round the primary, secondary and tertiary crushing circuits on conveyor belts, then gets pumped into the spiral separation unit, into the drying unit, then the tin gets split off.

The plant will run 24/7.

Could be that it is the increased cash and design investment up front that has vastly reduced the opex, but it is pointless to compare our plant with WLFE’s cheap Chinese hodge-podge.

Don’t worry, they’re here!

DevilsBeast, maybe someone else can be bothered to explain what Q4 means?

Have a nice day!

I have no knowledge of this, sorry!

Safety

“We also have another byproduct from the process that is used in ceramic production and they were looking at a deal with a ceramic producer.”

Tourmaline.

WRES is committed to having zero water pollution from the mine, so the surface water in the area of the mine goes round the mine. Any water used by the mine, stays within the mine.

0.48 ask. I suspect them of being Mr 3m broker, so we may, just may, be finished with him/them.

Served a purpose, though.

It is a surface water diversion channel.

Jaf, got it!

Not on the ball at all this week. I thought we were going to the Algarve tomorrow, but Mrs K3VMC reliably informs me that we go next Saturday!!

Life, eh?

Jaf, a real problem, for me, would be the jaw crusher blowing up on day one !

IF we have only $18m ebitda in 2019, IF it really is that low, then I can only expect the mcap to be $100-150m, giving a sp of 1-2p, roughly. I have no real problem with that. I think it is a low estimate, but a four bag from here is not a real problem for me.

Troajan, I wasn’t including Régua!!

:-)

Jaf, you are correct. Those were the figures in the presentation.

Those are not the figures now quoted by Mr Masterman. I propose that we agree to differ. I am happy for you to use the May figures, if you let me use the September figures.

Fair?

dreamingof, I have no figures. Mr Masterman said $2.5m/month AND 2,500 tons/year.

I deduce that $2.5m/month is revenue using the existing concentrator in initial production and the 2,500 tons/year is production for the fully updated plant.